Quote:
Originally Posted by DA9ve
For the sake of investment, I would choose laneway for land value and flexibility. You aren't bogged down by strata rules should you choose to rent it. Also, you can do whatever you want with it... It's your land! The only question is if you discussed future options with your parents. After all there is only 1 ownership title on that land and asset distribution with family can get dicey.
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I've heard from a friend that land ownership can be very messed up even when you're looking at detached housing. She was looking at a duplex unit on Main or Fraser, and there is a laneway house on the plot of land where the duplex is as well. So 3 suites, basically, and each unit has their own respective owners. I don't even know how that is possible.
